Cornerstone Strategic Value Fund Inc. (CLM) Stake Lifted by Ford Financial Group Inc.

Ford Financial Group Inc. lifted its position in shares of Cornerstone Strategic Value Fund Inc. (NYSEAMERICAN:CLM) by 55.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,658 shares of the investment management company’s stock after purchasing an additional 40,358 shares during the period. Cornerstone Strategic Value Fund accounts for 1.2% of Ford Financial Group Inc.’s portfolio, making the stock its 12th largest holding. Ford Financial Group Inc.’s holdings in Cornerstone Strategic Value Fund were worth $1,583,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kovack Advisors Inc. acquired a new position in Cornerstone Strategic Value Fund in the 3rd quarter valued at about $164,000. Centaurus Financial Inc. acquired a new position in Cornerstone Strategic Value Fund in the 2nd quarter valued at about $640,000. NINE MASTS CAPITAL Ltd acquired a new position in Cornerstone Strategic Value Fund in the 2nd quarter valued at about $4,979,000. Cambridge Investment Research Advisors Inc. acquired a new position in Cornerstone Strategic Value Fund in the 2nd quarter valued at about $455,000. Finally, Creative Planning grew its stake in Cornerstone Strategic Value Fund by 53.6% in the 2nd quarter. Creative Planning now owns 56,522 shares of the investment management company’s stock valued at $794,000 after buying an additional 19,734 shares during the last quarter.

CLM traded down $0.10 on Wednesday, reaching $12.74. The company had a trading volume of 711,800 shares, compared to its average volume of 538,739. Cornerstone Strategic Value Fund Inc. has a fifty-two week low of $12.56 and a fifty-two week high of $16.24.

The business also recently declared a monthly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $0.2365 dividend. The ex-dividend date is Thursday, December 13th. This represents a $2.84 dividend on an annualized basis and a yield of 22.28%.

Cornerstone Strategic Value Fund Profile

Cornerstone Strategic Value Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value and growth stocks of companies.

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Institutional Ownership by Quarter for Cornerstone Strategic Value Fund (NYSEAMERICAN:CLM)

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